Google Acquires Waze

Google today announced that it has acquired Waze, a company that provides real-time data on traffic conditions. According to Google, Waze and its engineering team will remain in Israel for now, but its technology will eventually be added to Google Maps to help improve its live traffic features. A lot of Waze's traffic data is generated by a community of users. Google said that it will work with the community, too, to make sure that the app's data is always current. Terms of the acquisition were not disclosed.